Baidu announces $1.5B fund to back self-driving car startups

Baidu is putting some serious cash behind its self-driving car push after it announced a $1.5 billion fund that’s focused on backing autonomous driving tech companies. The Chinese giant, best known for its internet search service and AI technology, has prioritized autonomous vehicles in a major way in recent years so this comes as little surprise. Baidu made its Apollo self-driving… Read More
Source: TechCrunch – Funding and Exits